Goldman’s Snider Sees S&P 500 Profits Jumping 12% on AI, Economy

US stocks will scale new records next year on higher earnings as artificial intelligence is more widely adopted and economic growth remains resilient, according to Goldman Sachs Group Inc. strategists.

The team led by Ben Snider expects earnings-per-share at S&P 500 companies to jump 12% next year and 10% in 2027. Of that, AI-driven productivity gains will contribute about 0.4% and 1.5%, respectively.

“The process of AI adoption remains early, but large companies report more progress so far than smaller firms,” the strategist wrote in a note. “We expect a combination of healthy nominal top-line growth, a fading drag from ...